Binance Cuts Ties with 16 Crypto Players Amid Sanctions and AML Pressure

Binance has cut ties with 16 crypto players to comply with international sanctions related to the war in Ukraine and anti-money laundering requirements. The giant exchange platform will no longer process transactions for these entities, effective from August 23, 2026.

Among the targeted platforms is HTX (formerly Huobi), a global heavyweight in the sector. Binance's decision comes under European and American regulatory pressure to prioritize compliance over interconnection between exchanges.

The restrictions stem from EU and US sanctions targeting circumvention of Russian sanctions and money laundering. Any transfer to or from these entities after August 23 will trigger a compliance check, which may result in wallet freezing.